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A group of agents with ex-ante independent and identically uncertain quality compete for a prize, awarded by a principal. Agents may possess evidence about the quality of those they share a social connection with (neighbours), and themselves. In one equilibrium, adversarial disclosure of...
Persistent link: https://www.econbiz.de/10014256287
. -- Networks ; Network formation ; Game theory ; Supermodularity ; Increasing differences ; Stability ; Existence ; Uniqueness …
Persistent link: https://www.econbiz.de/10003921348
; Connections ; Game Theory ; Externalities ; Spillovers ; Stability ; Efficiency …
Persistent link: https://www.econbiz.de/10008811009
; Connections ; Game theory ; Externalities ; Spillovers ; Stability ; Efficiency …
Persistent link: https://www.econbiz.de/10003771329
results with those obtained in sociology. -- Random graph ; game theory ; centrality measures ; network formation ; weak and …
Persistent link: https://www.econbiz.de/10003925546
results with those obtained in sociology. -- random graph ; game theory ; centrality measures ; network formation ; weak and …
Persistent link: https://www.econbiz.de/10003909559
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...
Persistent link: https://www.econbiz.de/10010272547
This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity) in own links from the literature are put into the...
Persistent link: https://www.econbiz.de/10010272600
We introduce a modification to the two-timescale games studied in the evolution of preferences (EOP) literature. In this modification, the strategic process occurring on the long timescale is learning by an individual across his or her lifetime, not natural selection operating on genomes over...
Persistent link: https://www.econbiz.de/10008663363
We analyze subjects' eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that...
Persistent link: https://www.econbiz.de/10009709528